Pension reform in Central and Eastern Europe: in times of crisis, austerity and beyond

A decade after the major reform in the 1990s, pension systems in the Central and Eastern Europe are now facing imminent challenges under the pressure of the financial consolidation in the aftermath of the global economic crisis. In the long-term, the pension systems need to restore their financial sustainability in the face of rapid and severe demographic changes. At the national level, each country has taken a different approach to tackle these issues. This publication consolidates the national efforts through case study of eight CEE countries (Bulgaria, Croatia, Czech Republic, Hungary, Slovak Republic, Slovenia, Poland and Romania).